Skip to main content

Polyurethane PU Films Market Size worth 688.6 Million USD by 2023


[106 Pages Report] Polyurethane PU Films Market was valued at USD 413.4 million in 2017 and is projected to reach USD 688.6 million by 2023, at a CAGR of 8.9% during the forecast period. The base year considered for the study on the PU films market is 2017 and the forecast period considered is between 2018 and 2023.


Key Target Audience:
  •       Manufacturers of PU films
  •          Traders, distributors, and suppliers of PU films
  •          Automotive OEMs
  •          Government & regional agencies and research organizations
  •          Investment research firms
It is segmented into two types, namely, polyester PU films and polyether PU films. The market is also segmented on the basis of function—thermoset-based PU films and thermoplastic-based PU films. These films are mainly manufactured through the process of extrusion and die-casting. PU films have wide applications in various end-use industries such as automotive & aerospace, medical, and textile & leisure. The demand for PU films is mainly driven by the textile & leisure industry for applications such as fabric lamination, blackout & sealing tapes, and fabric coating. In the automotive industry, it is mainly used for the paint protection application.

The key companies have adopted various inorganic and organic growth strategies, such as new product launches, acquisitions, and expansions, to strengthen their foothold in the PU films market. Covestro (Germany), SWM International (US), 3M (US), Avery Dennison (US), and DingZing Advanced Materials (Taiwan) are some of the leading players operating in the PU films market.

Expansions was the key growth strategy adopted by the leading players between 2015 and 2018 to enhance their business prospects, increase their global reach, and widen their distribution network. Covestro adopted the strategy of expansion to increase its revenue and enhance its profit margins. At the beginning of 2018, the company planned to expand its films production capacity at four locations, namely, Thailand, the US, China, and Germany. This expansion is intended to meet the growing demand for films in these markets. The company is planning to invest more than USD 116 million at these locations. Covestro holds the top position in the PU films business across the globe with 19.0% market share. Initially, the company was into manufacturing of PU resins, and, by forward integration, it started manufacturing PU films. This allowed the company to maintain its profit margin and compete with the local low-cost PU film manufacturers.

SWM International (US) is one of the leading PU film manufacturers that operate globally. It is ranked second in the PU films market. In 2015, the company acquired Argotec LLC (US), a leading producer of PU films for surface protection, medical, and glass lamination applications. This acquisition facilitated the company’s entry into the PU films market. Every year the company generates revenue of USD 110 million from its PU films business. This acquisition helped the company gain a leading position in the PU films market.

3M (US), Avery Dennison (US), and DingZing Advanced Materials (Taiwan) are other leading manufacturers of PU films.

Drivers & Opportunities in global industry:
  •          Growing Demand for Passenger Vehicles and Luxury Cars
  •          Growing Awareness Regarding Health and Hygiene
  •          Growing End-Use Industries in Developing Regions
  •          Growing Number of Windmill Power Plants, Globally
Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Polyurethane PU Films Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow.



About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarketsâ„¢ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

Comments

Popular posts from this blog

Global Double Sided Tape Market intelligence with competitive landscape till 2023

The double sided tape market is estimated at USD 9.41 Billion in 2018 and is projected to reach USD 13.15 Billion by 2023, at a CAGR of 6.93% between 2018 and 2023. Double side tapes have backing materials such as foam, film, paper/tissue, cloth, cotton, fiberglass, metal, and cellulose which are coated on both sides with an adhesive. Double side tapes adhere to a variety of substrates with light pressure (finger pressure) or with no phase change (liquid to solid). The main resins used in double sided tapes include acrylic, rubber silicone, and others (EVA and polyurethane), with acrylic resin holding the major market share. The main technologies used by manufacturers of double sided tapes are solvent, water, and hot-melt based globally, with the solvent-based technology holding the major market share. Request for free PDF Sample Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24592600    Drivers & Opportunities in global industry:   ...

Global Talc Market intelligence with competitive landscape forecast to 2027

The report "Talc Market by Deposit Type (Talc Carbonate, Talc Chlorite), End-Use Industry (Plastics, Pulp & Paper, Ceramics, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Food), and Region (Europe, APAC, North America) - Global Forecast to 2027", is projected to grow from USD 2.68 billion in 2018 to USD 4.01 billion by 2027, at a CAGR of 4.6% from 2018 to 2027. Increasing demand for talc from the automotive industry, rapid industrialization, increased disposable incomes of the middle-class populations of emerging economies, and increasing R&D activities for the development of new grades of talc are opportunities for the growth of the talc market. Request for free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=6281259 Browse 135 market data Tables and 28 Figures spread through 143 Pages and in-depth TOC on "Talc Market Drivers & Opportunities in global industry:           Increased Dema...

Flexible Plastic Packaging Market with Market Leaders & Key Revenue Pockets Expected to Collect 131.65 Billion USD by 2022

The report [215 pages] " Flexible Plastic Packaging Market by Type (Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, Rollstock), Material (Plastic Films, Paper, Aluminum Foil, Bioplastics), Printing Technology, Application, and Region - Global Forecast to 2022", is projected to grow from USD 102.19 Billion in 2017 to reach USD 131.65 Billion by 2022, at a CAGR of 5.2%. The global flexible plastic packaging market is witnessing a growth in demand, owing to the rise in manufacturing activities and growth in the demand for conveniently packaged products. The growth in the demand from the food & beverage industry also provides an opportunity for market growth, especially in the emerging Asia-Pacific and South American regions. Request for free PDF sample report:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1271  Drivers & Opportunities in global industry: ·          Cost-effectiveness ...